Mcconnell Dowell Corporation (MDC)

Download button icon Download

Mcconnell Dowell Corporation (MDC): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Mcconnell Dowell Corporation (MDC.AX)


Indicator:

BEAR BELT-HOLD


Last Signal:

BEARISH


Trading: SELL @ $0.39
Signal Strength: STRONG
Recommendation:

Indicator CAN BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Mcconnell Dowell Corporation (ASX:MDC) has formed a new Bear Belt-Hold reversal pattern.



Bearish Belt Hold is a single candlestick pattern basically a Black Opening Marubozu that occurs in an uptrend. It opens on the high of the day and then prices begin to fall during the day against the overall trend of the market which eventually stops with a close near the low leaving a small shadow at the bottom of the candle. If longer bodies characterize the Belt Hold then the resistance they offer against the trend will be even much stronger.

Calculation: Bear Belt-Hold Candlestick Pattern:
1) The market is characterized by a prevailing uptrend;
2) The market gaps up and opens at its high and closes near to the low of the day;
3) A long black body that has no upper shadow (a Black Opening Marubozu) is observed;


PROFILE: Mcconnell Dowell Corporation (MDC.AX)


Stock Exchange: ASX
Company: Mcconnell Dowell Corporation
Ticker Codes: | MDC.AX | ASX:MDC |

About Mcconnell Dowell Corporation (ASX:MDC):

Medlab Clinical Limited, a medical research and development facility, engages in nutraceutical products and pharmaceutical research businesses in Australia. The company develops bio-therapeutics for chronic kidney diseases, pre-diabetes/obesity, depression, musculoskeletal muscle loss associated with ageing, and non-opioid pain management. It also provides nutraceuticals for anti-inflammatory, cardiovascular support, endocrine support, gastrointestinal support, immunological support, infants and toddlers, metabolic support, musculoskeletal support, neurological support, sports performance, urogenital support, and weight management, as well as for men, pregnancy, seniors, teenagers, and women support. The company has a strategic alliance with Heritage Brands Limited to develop and market its products for the pharmacy retail channel. Medlab Clinical Limited was founded in 2012 and is based in Alexandria, Australia.

Top 10:

Weak Reversal

Download button icon Download
Company Close Change (%) Volume Value Signal
BFC Beston Global Food 0.16 6.9 222,535 -1 BEARISH
GSW Getswift 0.48 4.3 174,155 -1 BEARISH
MVP Medical Developments 3.96 2.9 66,086 -1 BEARISH
AMP AMP 2.27 2.3 19,538,735 -1 BEARISH
SFR Sandfire Resources 7.92 2.1 1,123,307 -1 BEARISH
ALU Altium 33.19 1.9 1,139,256 -1 BEARISH
GGG Greenland Minerals 0.06 1.8 1,549,138 -1 BEARISH
INA Ingenia Communities 3.2 1.6 876,925 -1 BEARISH
IDX Integral Diagnostics 3 1.4 34,851 -1 BEARISH
KDR Kidman Resources 1.42 1.4 904,842 -1 BEARISH
back to top